Upbit is a popular South Korean Cryptocurrency exchange that was founded in 2017 by Song Chi-Hyung, who is the CEO of Dunamu, which is Upbit’s holding company.
|📅 Year Founded
|FAQ & Web tickets
|🌐 Types of instruments
Upbit 5 key point overview:
👉 This crypto exchange prioritizes asset protection and account security and offers a wide variety of institutional-level digital asset management solutions, a proprietary trading algorithm and fully-configurable trading tools.
👉 Since its launch, Upbit has become one of South Korea’s largest exchanges, with over 8 million users worldwide.
👉 It currently offers more than 200 tradable cryptocurrencies and a beginner-friendly mobile app.
👉 Not only is Upbit a great option for retail traders and crypto enthusiasts, but institutional investors can use Upbit Safe for high-level digital asset custody services.
👉 Using these services will give you access to more advanced security features, such as whitelisting, daily withdrawal limits, different verification methods and enhanced security through multi-sig integration methods for cold wallets.
👉 Upbit is also the first crypto exchange in the world to obtain certifications from the Korea Internet and Security Agency for Information Security Management System (ISMS), which makes it one of the safest exchanges you can trade with.
👉 The website is simplistic and easy to navigate. You can easily open the exchange, wallets, account history and support links by choosing an option from the menu bar.
👉 The Upbit official mobile app is designed to be user-friendly and you can use it to buy and sell more than 150 cryptocurrencies from over 220 markets, monitor trends and market data in real-time and set custom notifications for your favourite cryptocurrencies.
👉 This app can be downloaded at no cost from Google Play and the App store.
👉 If you would prefer to trade on your desktop or laptop, simply click on the “Exchange” tab to start trading on the web exchange.
👉 You can add cryptocurrencies to your favourites list on both mobile and web platforms and once you’ve chosen some crypto pairs to trade, be sure to read the in-depth articles on each instrument by clicking on the “info” button.
👉 These articles give background information about all the different cryptocurrencies on Upbit, as well as a detailed overview and info about the key features and core values of those cryptocurrencies.
👉 Before you can start trading or staking on Upbit, you need to create an account.
👉 Upbit does not currently offer a proprietary crypto wallet, but you can store your cryptocurrencies in your account.
👉 However, we do recommend transferring your assets to a third-party wallet once you’ve purchased them.
👉 Some of the best wallets to use are Metamask, Trust Wallet and Leder.
👉 The MetaMask software wallet can be used to conveniently buy, sell and trade cryptocurrencies using the built-in exchange and it allows you to connect directly to a variety of blockchain apps.
👉 Trust Wallet is free to download and use, and supports a total of more than 160,000 coins and digital assets, which can easily be traded and managed directly from the wallet.
👉 The Ledger hardware wallet is available in the Nano S and the Nano X models and using Ledger Live, you can buy and exchange over 5,000 coins and tokens.
👉 This wallet offers secure offline storage, it is compatible with 50 third-party wallets and can store up to 100 dApps.
👉 Once you’ve created an account and linked your wallet, you can buy crypto by either using the web exchange or by downloading the mobile app.
👉 Follow the same process when using the app.
👉 Now you have an account and your wallet is ready, but if you need assistance with anything else, you can contact the Upbit support team by submitting a web ticket.
👉 We also recommend visiting the FAQ to view guides and tutorials on creating and managing your account, making deposits and withdrawals, and everything else you need to know about the platforms and products.
👉 You will also find more information about airdrops, new listings, maintenance and company news under the “support” section.
👉 Upbit is one of Korea’s safest and largest cryptocurrency exchanges and has more than 8 million users worldwide.
👉 It is also the first crypto exchange in the world to obtain certifications from the Korea Internet and Security Agency for Information Security Management System (ISMS) and offers both retail and institutional-level services.
👉 Open your Upbit account today to get access to more than 200 markets and over 150 cryptocurrencies.
Table of Contents